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Showing 1721 - 1730 of 7104 results for "June 2023"

Sales, reporting top buy-side pandemic struggles

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
A June survey of 250 capital markets executives found buy-side firms saw sales and reporting as the biggest challenge during COVID-19,while sell-side firms struggled most with trading and risk functions. FIS, which commissioned Longitude Partners to ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
Reserve Bank of Australia governor Philip Lowe said the legislated increase to the superannuation guarantee will impact wage growth and the government will need to weigh up the impacts of that. Speaking at the House of Representatives Standing Committee ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business. While a public market exit for the ...

Top performing Aussie equity funds unveiled

ANNABELLE DICKSON  |  FRIDAY, 14 AUG 2020
Australian Unity, Lakehouse and Plato were among the Australian equity wholesale managed funds that managed to outperform the index in the latest Rainmaker Information analysis to June end. Australian Unity Platypus Australian Equities came out on top ...

Advisers bolt to cash, gold

ANNABELLE DICKSON  |  FRIDAY, 14 AUG 2020
Advisers seeking to de-risk portfolios have sparked mass inflows to defensive assets and an almost equal amount in outflows of riskier assets, namely Australian equities. The BetaShares Australian High Interest Cash ETF (AAA) and ETF Securities Physical ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
Most things appeared to be going hunky-dory for the oil market in the second quarter of this year. OPEC+ production cuts plus the easing of social distancing and the re-opening of many businesses in an increasing number of countries around the world ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
Fees across all super fund types dropped to record lows last financial year, according to a recent study conducted by Rainmaker. The key finding of a review of 2720 products offered by 169 super funds, super fees came in at a total of $29.6 billion ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
Martin Switzer's Contango Income Generator (CIE) fund has been forced to change its investment strategy due to underperformance as a result of lower dividend yields, saying its strategy is no longer appropriate. The manager of the fund, Contango Funds ...

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue. The acquisition compromises an upfront cash payment of $2.73 million upon completion, plus ...